TOWARDS INVESTMENT &TECHNOLOGY DEVELOPMENT

BEING A PRESENTATION MADE BY MS OLUMODIMU ADEBISI, HEAD, UNIDO INVESTMENT &TECHNOLOGY

PROMOTION OFFICE, NIGERIA

DURING THE VISIT OF THE JAPANESE BUSINESS DELEGATION TO NIGERIA

2ND MARCH 2017

SOUTHERN SUN HOTEL, IKOYI,LAGOS.

UNIDO In brief

UNIDO is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability.

The mandate of the United Nations Industrial Development Organization (UNIDO) is to promote and accelerate inclusive and sustainable industrial development in developing countries and economies in transition.

The UNIDO ITPO

•Established under a joint agreement between host

countries and UNIDO, the Investment and

Technology Promotion Offices (ITPOs) facilitate

investment flows and technology transfer

between host and recipient countries to promote

inclusive growth and creation of wealth in

developing countries. throughout the world.

•The ITPO Network carries out its mandate through

partnerships, fora, capacity building, advisory

services, as well as organizing business to business

matchmaking.

UNIDO ITPO NETWORK • ITPO Tokyo- Established in 1981`

• ITPO Italy – Established in 1987

• ITPO Moscow, Russia Federation- Established in 1989

• ITPO Beijing, China- Established in 1990

• ITPO Bahrain – Established in 1996

• ITPO Republic of Korea- 1996

• ITPO Shanghai, China- 2001

• ITPO Nigeria – Established in 2015 and formally launched in March 2016

• UNIDO Global Network

Mode of Operation • The UNIDO ITPO Nigeria carries out its function in collaboration with stakeholders through the

identification and establishment of clusters that is vibrant in the host community and capable of having a multiplier effect on the nations economy. About 5 cluster projects have been identified in various states.

• The ITPO will enhance the competitiveness of Nigerian manufacturers as new technology will be introduced and old ones upgraded and best practices will be shared with foreign enterprises.

• The ITPO leverage on the platform of other ITPO worldwide and development partners like JETRO to import the desired technology and attract investment into Nigeria.

• Business Fora, Seminars and workshops- business matchmaking, advisory services and partnerships.

• Capacity building and skill acquisition

• Targeted activities to promote women entrepreneurship development.

• Delegate programs

• Study tours

• Trade fairs and exhibitions in collaboration with NIPC, NEPC, etc.

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Specific activities engaged in by the UNIDO ITPO Nigeria

Leather cluster in Sokoto State- study tour to Italy had been embarked on by the Sokoto State Governor and his

team . The project document is being prepared for implementation.

Fashion Hub and Academy in Lagos State- The Lagos State Governor had provided a site for the hub, concept note

had been developed and consultant architect has been engaged to come up with a prototype design for the cluster.

The Lagos State Government will embark on study tour to India and Italy to understudy their fashion cluster.

Stone cutting and polishing hub in Ogun State: the state Governor has set up a site for the cluster and will embark on

study tour to India and Italy to understudy their stone industry.

Discussion in on with the Kaduna State Government to establish a ginger cluster in Kaduna State.

Discussion is at advanced stage to collaborate with the Presidency in establishing an EDIP centre in Nigeria.

Engaging with NIRSAL to provide TOT for their staff on EDIP and COMFAR- About forty of their staff will be trained

on these UNIDO Methodology.

Engagement with SMEDAN to train their staff on EDIP and COMFAR: SMEDAN letter of intent being expected.

Collaborating with ECOWAS to establish an Export Free Zone between Benin Republic and Nigeria along Sakete and

Ogun State Border- preliminary meeting of stakeholders to take place March 2017.

Collaborating with ECOWAS to organize an ICT Youth competition – Mobilization of youths and stakeholders have

commenced.

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Vibrant Sectors in the Nigerian Economy

• Power: Perhaps one of the most critical sector in Nigeria is Power as the sector

has the capacity to revolutionalize activities in all other sectors if put in place.

Investment opportunities in the power sector includes: Renewable Energy (Nigeria

has abundant wind, sun and dams), Waste to Energy, Rural Electrification,

Metering, transmission etc. The Federal Government has developed policies to

support and encourage investments into the power sector.

•Agriculture: Nigeria is blessed with abundant, rich arable land. Most crops thrive

well in virtually all parts of the country. Investment opportunities abound in the agro

processing sub-sector especially in the Rice, Maize and Cassava Staple Crop

Processing Zones (Kogi, Kwara, Enugu, Niger and Ebonyi States), Fruit

Processing (juice and concentrates from pineapple, orange, mango etc), Beef and

Fish Processing, Tomato Processing (paste, plum, juice) Federal Government

recently announced impending ban on importation of tomato paste on health

grounds. There is also vast investment opportunity in machineries and technology

for agri- business. There is also investment opportunity in Plant and Machineries

(for hire also) and provision of infrastructure.

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VIBRANT SECTORS IN THE NIGERIAN ECONOMY

• Solid Minerals: Solid Minerals occur in virtually every State of the Federation. Minerals in commercial quantity are coal, iron ore, lead / zinc ores, gold, gemstones, Other investment opportunities include: Establishment of Mineral Testing Laboratories, Equipment Hire Services and Consultancy and Professional Services like Exploration & Mining Geology, Environmental Studies and Project Financing.. Sector regulator is the Federal Ministry of Mines and Steel Development.

• Construction: Residential Housing (Nigeria has housing deficit of over 17 million units), Retail outlet. Annual sales of consumer goods estimated to triple to about $1.4 trilion by 2030 from current $388 billion. Thus, MNC’s like Unilever, Shoprite and Nestle plc are building more retail outlets around the country. Critical Infrastructure; both public and private (road, rail and bridges) Numerous construction companies like CCECC, Julius Berger are seriously involved in Nigerian rail and road construction. Eko Atlantic City etc. The regulating Ministry is the Federal Ministry of Power, Works and Housing and agencies under it.

• Aviation : Apart from the urgent need to have a National Carrier, infrastructure (runway, airport building and renovation), navigational safety facilities, Airfield lighting, conveyor belts , cooling systems at all the terminals are critical investment opportunities in the Aviation Industry. The Federal Ministry of Aviation and other relevant agencies are in charge of activities in the Sector.

• Textile: reviving and upgrading ailing textile industries (plant and machinery and manpower capacity building ), improved cotton seeds, cotton out growers schemes, financing and export.

• Other sectors are oil and gas, health, education and tourism.

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Solid Minerals Deposit in Nigeria source: Federal Ministry of Mines & Steel Development

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WHAT UNIDO ITPO CAN DO FOR JAPANESE INVESTORS

• Link your investment to regional ECOWAS market: the UNIDO ITPO being the first in Africa works closely with the ECOWAS Secretariat to develop projects for the region and render its services. One of such joint projects in the pipeline is the pro posed establishment of the Nigeria-Benin Agro Processing Zone (Special Economic Zone). Japanese investors are encouraged to invest in this zone when established as it is one of the busiest border in Africa.

• Investment Opportunities in UNIDO ITPO Cluster Development in States: as mentioned earlier in the presentation, the UNIDO ITPO is partnering with 5 states to develop business cluster. Investment opportunities abound for Japanese investors to invest in those clusters and also provide infrastructure and other services in the cluster.

• Assist to facilitate meetings and business discussions between potential Japanese investors with government MDA’s and State Governments. The UNIDO ITPO has built relationship and collaborations with key Stakeholders and state Governments and can facilitate meetings for Japanese investors where needed.

• Investor business matchmaking through collation of data bank of Nigerian investors profile available in the UNIDO ITPO Nigeria.

WHAT UNIDO ITPO CAN DO FOR JAPANESE INVESTORS

• Provide information and advice to interested parties (including policy making bodies) on investment and transfer of technology/know-how.

• Collect and collate data on investment opportunities and projects in collaboration with relevant stakeholders for investment promotion.

• Assist to facilitate Japanese business registration and facilitation through our collaboration with the Nigerian Investment Promotion Commission (NIPC) and other Agencies.

• Collate data on serious Nigerian investors for matchmaking.

• Assist Japanese investors through networking with NEPZA to access the incentives and facilities in the Free Trade Zones for investment and export. About 32 FTZ’s exist across the nation with more in the pipeline.

• Source for investment through ITPO Data Bank

THANK YOU FOR YOUR ATTENTION

FOR ENQUIRIES CONTACT:

A.OLUMODIMU@UNIDO.ORG OR

S.USMAN@UNIDO.ORG

WEBSITE:WWW.UNIDOITPO.NG